31 Pa. Code § 147.1 - Purpose

Current through Register Vol. 51, No. 52, December 25, 2021

The purpose of this chapter is to improve the Department's surveillance of the financial condition of insurers by requiring an annual audit by independent certi-fied public accountants of the financial statements reporting the financial condition and the results of operations of insurers, a written communication detailing internal control related matters noted in the audit, and a written report by management of internal control over financial reporting.


31 Pa. Code § 147.1
The provisions of this § 147.1 adopted December 21, 1979, effective December 22, 1979, 9 Pa.B. 4164; corrected January 11, 1980, effective December 22, 1979, 10 Pa.B. 129; amended November 10, 1995, effective November 11, 1995, 25 Pa.B. 4785; amended October 2, 2009, effective October 3, 2009, 39 Pa.B. 5730.

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